Advantage, Tokyo Century agree Japan battery carve-out
Advantage Partners is making another investment alongside Tokyo Century Corporation – which bought a stake in the GP two years ago – with an agreement to buy a battery business controlled by local conglomerate Showa Denko.
The size of the transaction was not disclosed, but Nikkei reported the deal is worth JPY60 billion ($545 million). The divestment is being made by Showa Denko Materials (SDM), formerly known as Hitachi...
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